Nah. Everybody is talking about ai. Everybody is using it. It's by far the most popular new tool human beings are using currently. As popular as mobile phones or spoons. And maybe as disruptive as the steam engines. AI companies are becoming the largest software companies on the planet. Everything points into that direction. Trillions of dollars are waiting in the market to be collected.

Right, but the question is whether the companies producing foundation models will capture that value or not. Right now it seems like tokens might end up just being a commodity sold at cost plus, and companies higher up in the supply chain will make the money. Electricity changed the world but electricity companies capture very little of that value.

Based on what? A lot of this is vibes and FOMO; just like any economic bubble.

There is no objective evidence of anything you’ve said. It isn’t even clear if AI has contributed positively to global economic growth. It reminds me a lot of the late 90s and the dot-com mania. Slapping a domain on a commercial would make your stock go up even if there was no substance to any of it.

The real shame is this mania drowns out serious, practical use cases because when the bubble collapses, the market will throw the baby out with the bathwater.